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DE30 returns above the 15,700 point barrier
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Mixed German industrial production data
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Barclays initiated analyst coverage of Fuchs Petrolub (FPE3.DE) with an overweight rating
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Markets await important NFP report at 01:30 pm BST
This week's final trading session on European markets brings an attempt to regain ground after yesterday's sell-off driven by incoming macro data and the tone of the Fed's Minutes. Today's session, however, is likely to be even more volatile with the US NFP report scheduled for 01:30 pm BST, the most important reading showing the state of the US labour market. What's more, the reading itself could prove crucial in terms of the direction of further FOMC interest rate decisions.
German industrial production for May
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Create account Try a demo Download mobile app Download mobile appGerman industrial production data for May were released at 8:00 today and proved mixed. The monthly data missed expectations and showed a decline of 0.2% m/m, while the annual data exceeded expectations and showed an increase of 0.7% y/y (0.5% y/y was expected).
The decline in industrial production in May was driven by energy and construction, as removing these two would have resulted in a monthly industrial production reading of +0.2% m/m.
The mood in Europe during Friday's trading session improved on yesterday's trading. Source: xStation 5
German DE30 futures are today attempting a sustained return above the 15,700-point barrier, which is defined by the local minima from the end of May and the 100-day exponential moving average (purple curve). Source: xStation 5
News:
Barclays initiated analyst coverage of Fuchs Petrolub (FPE3.DE) with an overweight rating and a target price of €45 (a 29% premium to yesterday's closing levels). The company's shares are currently gaining slightly more than 2%.
W1 interval. Source: xStation 5
BNP Paribas Exane downgraded the shares of Delivery Hero (DHER.DE) to an "underperform" rating from an earlier "neutral" rating. The target price for the shares was set at €35.
W1 interval. Source: xStation 5
BNP Paribas Exane believes that conditions creating sales growth for SMA Solar (S92.DE) are stabilising. Following the company's downgrade to a 'neutral' rating, SMA Solar shares are losing nearly 8% today. The target price for the company's shares was set at €115.
Siemens Gamesa, a company owned by Siemens Energy (ENR.DE), is investigating a wing failure in one of its most powerful, state-of-the-art turbines located in Brazil. With the company's turbine problems continuing, the company's shares have been under downward pressure for some time. The shares have lost more than 8% this week.
Source: xStation 5
The largest percentage changes in individual companies of the DAX index. Source: Bloomberg
News from individual companies in the DAX index. Source: Bloomberg
